Fairfield Inn & Suites by Marriott-Monahans-Texas

Highlights:

• Built and opened in 2021 and Offered at below replacement cost of $110,500 per key.
• Running 12 months RevPAR penetration index is 127.7% and is up 9.5 % from previous year
• Room Revenue YTD August 2024 is $ 1,639,061 and projected to finish 2024 with Room Revenue of $2.5 Million.
• Located in the Permian Basin headquarters for oil production
• West Texas energy market is continuously showing strong upward trajectory

Description:

NewGen Advisory and Bharat Vakil has been exclusively retained to offer this beautiful, performing exceedingly well and brand new Fairfield Inn & Suites by Marriott. Opened for business in July of 2021, the Fairfield Inn & Suites consists of beautifully appointed 95 guest rooms and suites with many modern amenities including an indoor swimming pool.

Fairfield Inn & Suites is offered at significantly well below replacement cost at only $110,500 per key to qualified hoteliers and investors. YTD August 2024 Revenue is $1,639,061 and projected to finish 2024 with Room Revenue exceeding $2.5 Million.


Fairfield Inn & Suites by Marriott located on Interstate I-20 in Monahans in West Texas. The Permian Basin, home to Monahans and Midland-Odessa combined statistical area, is 250 miles (400 km) wide and 300 miles (480 km) long; Monahans is "The Center of the Permian Basin".

The Permian Basin lends its name to a large oil and natural gas producing area, part of the Mid-Continent Oil Producing Area. The Permian Basin, America's largest, most productive oil basin, is estimated to hold 71 billion barrels of technically recoverable oil, according to the U.S. Geological Survey. and accounts for almost 40% of oil and 15% all natural gas produced in the United States. The Texas cities of Midland, Odessa, Monahans and San Angelo serve as the headquarters for oil production activities in the basin.